Disbursement of public investment capital is still slower than planned.

According to the report of the Party Committee of Khanh Hoa Provincial People's Committee, the total capital plan for 2024 assigned by the Prime Minister to Khanh Hoa province is more than 8,269 billion VND. Of which, Khanh Hoa has allocated a capital plan of more than 7,078 billion VND and has not allocated more than 1,190 billion VND.

Specifically, the allocated local budget balance capital is more than 4,404 billion VND; the unallocated capital is more than 335 billion VND. The central capital (domestic capital) has allocated more than 2,586 billion VND.

Problems in site clearance have caused many public investment projects in Khanh Hoa to be behind schedule. Photo: Trung Nhan

ODA capital and preferential loans from foreign donors (allocated from the central budget) have allocated 47 billion VND; investment capital from the deficit source (borrowed back from the Government to implement ODA) has allocated 40 billion VND. In addition, the source of unissued local government bonds is 855.6 billion VND.

In the first 6 months of 2024, compared to the capital plan assigned by the Prime Minister , Khanh Hoa's capital disbursement rate in 2024 reached 22.5%. Compared to the actual capital plan assigned by the Khanh Hoa Provincial People's Committee, the capital plan disbursement rate in 2024 reached 26.3%.

According to the People's Committee of Khanh Hoa province, the disbursement results of the public investment plan in the first 6 months of 2024 are still slow due to the unissued local government bond capital of VND 855.6 billion.

Regarding the above issue, the Party Committee of Khanh Hoa Provincial People's Committee has reported to the Provincial Party Standing Committee on the proposal not to issue local government bonds in 2024 to use the province's capital sources.

In addition, Khanh Hoa also said that according to the Law on Public Investment, new projects starting in 2024 will be assigned annual capital plans after the competent authority decides to approve the investment project.

Accordingly, the project must carry out procedures for land acquisition and site clearance, which usually takes 7-9 months. At the same time, it is necessary to approve the design of construction drawings and construction estimates, select contractors, etc. Therefore, the disbursement of capital plans for projects usually begins from the third quarter onwards.

Khanh Hoa will handle individuals, groups and related departments and branches that do not complete the disbursement plan for 2024.

Khanh Hoa also identified one of the reasons for the current slow site clearance work is that the district-level human resources allocated to carry out compensation work in districts, towns and cities are still limited compared to the increasing site clearance needs of localities to serve projects.

Notably, the implementation of compensation and site clearance is currently facing difficulties due to the slow implementation of the work of determining specific land prices for compensation and resettlement support at the district level. This has led to delays in approving detailed compensation plans, resettlement support, and issuing decisions on land recovery and compensation payment to receive handover of project construction sites, affecting the project's disbursement progress.

Along with that are the problems of projects using ODA capital allocated and re-loaned from the Government such as the Sustainable Environment Project for Coastal Cities - Nha Trang City Sub-project (CCSEP project) using ODA capital allocated and re-loaned from the Government...

Accordingly, in order to continue effectively implementing the 2024 public investment plan, the Party Committee of the Provincial People's Committee directed relevant units to review each project and each problem; urgently complete the work of counting the clearance volume, develop a compensation plan, publicly post and collect opinions to complete the land price plan and decide to approve the land price...

At the same time, determine the specific responsibilities of individuals, collectives and relevant departments and branches that do not complete the disbursement plan for 2024 according to Decision No. 923/QD-UBND dated April 5, 2022 of the Provincial People's Committee on promulgating a set of criteria for evaluating and classifying the level of completion of the task of disbursing the public investment capital plan...

Source: https://kinhtedothi.vn/khanh-hoa-giai-ngan-von-dau-tu-cong-con-cham-so-voi-ke-hoach.html